Morningstar

Lockheed Martin Gets $1.2 Billion U.S. Army Contract

Provided by Dow Jones Sep 14, 2026, 11:25:00 PM

By Katherine Hamilton

Lockheed Martin got a $1.21 billion award to help build missiles for the Army

The contract is a cost-plus-fixed-fee, firm-fixed-price, indefinite-delivery/indefinite-quantity award for Precision Strike Missile Increment 2 Early Operational Capability.

Work locations and funding will be determined with each order. Work is expected to be completed by Sept. 13, 2031.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

September 14, 2026 19:25 ET (23:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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